CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Australia Planning Further Corporate Tax Avoidance Action

Australia Planning Further Corporate Tax Avoidance Action

by Mary Swire, Tax-News.com, Hong Kong

26 February 2016


Before a recent Senate Estimates committee, Australia's Tax Commissioner, Chris Jordan, issued a warning to multinationals and large businesses that the Australian Tax Office (ATO) is to increase its efforts against international tax avoidance in the period to 2019.

In a February 26, 2016, update on its "Building Confidence" initiative, the ATO said it will focus its efforts on:

  • Implementation of the Multinational Anti Avoidance Legislation (MAAL) and Base Erosion and Profit-Shifting (BEPS) action plan;
  • E-commerce arrangements;
  • Thin-capitalization manipulation;
  • Related-party financing; and
  • Offshore hubs.

Building Confidence was developed by the ATO in March 2015 to increase transparency surrounding its compliance and enforcement activities.

TAGS: compliance | tax | business | value added tax (VAT) | tax compliance | tax avoidance | commerce | law | goods and services tax (GST) | Australia | enforcement | tax authority | offshore | agreements | e-commerce | multinationals | legislation | tax planning | transfer pricing | regulation | Legislative Scrutiny | trade | services | Tax | BEPS

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »